Marsh & McLennan Companies (NYSE:MMC) Price Target Increased to $230.00 by Analysts at Roth Mkm

Marsh & McLennan Companies (NYSE:MMC) had its price objective lifted by Roth Mkm from $220.00 to $230.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Barclays started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $220.13.

Marsh & McLennan Companies Trading Down 1.0 %

Shares of MMC stock opened at $224.66 on Friday. Marsh & McLennan Companies has a 1 year low of $184.02 and a 1 year high of $232.32. The firm’s fifty day simple moving average is $225.28 and its 200 day simple moving average is $214.91. The firm has a market capitalization of $110.70 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. As a group, sell-side analysts predict that Marsh & McLennan Companies will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,566 shares of company stock worth $4,420,137. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently modified their holdings of MMC. Vanguard Group Inc. increased its stake in Marsh & McLennan Companies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock worth $9,046,079,000 after purchasing an additional 119,236 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Marsh & McLennan Companies by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after purchasing an additional 380,828 shares in the last quarter. Legal & General Group Plc increased its stake in Marsh & McLennan Companies by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after purchasing an additional 223,257 shares in the last quarter. Clearbridge Investments LLC increased its stake in Marsh & McLennan Companies by 1.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after purchasing an additional 58,461 shares in the last quarter. Finally, Jensen Investment Management Inc. increased its stake in Marsh & McLennan Companies by 1.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock worth $679,837,000 after purchasing an additional 40,182 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.